#Wallet Containing 430 BTC Discovered#
Hot Topic Overview
Overview
Coinbase Director of Product Strategy and Operations, Conor Grogan, recently discovered 430 Bitcoin linked to Silk Road founder Ross Ulbricht, spread across multiple wallets and worth approximately $47 million. These Bitcoin were likely "dust wallets" 13 years ago, holding negligible amounts and not seized by the US government. While they now hold significant value, it remains unclear whether Ross Ulbricht still possesses the private keys to these wallets.
Ace Hot Topic Analysis
Analysis
Conor Grogan, Director of Product Strategy and Business Operations at Coinbase, recently discovered that approximately 430 Bitcoin in 430 wallets related to Silk Road founder Ross Ulbricht have not been seized by the US government. These wallets have been inactive for over 13 years and are now worth an estimated $47 million. These wallets may have been "dust wallets" at the time, meaning they contained very small amounts of Bitcoin that were not considered valuable, but they have significantly increased in value since then. Grogan reminded Ulbricht to check for BCH airdrop rewards and said that if Ulbricht could find the private keys to these wallets, he may be able to recover the assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The Silk Road founder Ross Ulbricht's 430 Bitcoin wallets contain approximately $47 million worth of Bitcoin that was not seized by the US government and has remained untouched for over 13 years.
These Bitcoins may be "dust wallets" that were insignificant in value at the time, but have now grown significantly.
Ross Ulbricht may still retain the private keys to these wallets and could recover this portion of his assets.
Coinbase Director Conor Grogan discovered these wallets and reminded Ross Ulbricht to check for BCH airdrop rewards.